Using the tables in Question 1, construct the CF statement between 2005-2006. What is the cash...
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Using the tables in Question 1, construct the CF statement between 2005-2006. What is the cash flow from inventor!? BALANCE SHEET Assets Cash Accounts receivable, net Inventory Prepaid expenses Fixed Assets Land Automobiles Building Equipment Subtotal Less: Accumulated depreciation Net Fixed Assets Other Assets Total long-term assets TOTAL ASSETS Lisbilities Accounts payable Accrued liabilities Total current liabilities Bank Loan Mortgage loan Total long-term liabilities Equity Common Stock Retained Earnings INCOME STATEMENT Net Sales COGS Gross Profit Operating Expenses Wages and Commissions Rent General selling expenses General admin expenses 2864 16,060 128,500 308,980 9,590 533,130 Depreciation Total Operating expenses Interest expenses Net Inc before tax Income Tax Net Inc (loss) 34,350 20,000 54,350 Total Equity TOTAL LIABILITIES and EQUITY 617,480 54,350 30,000 84,350 617,480 2004 184,640 15,790 200,430 177,140 196,510 373,650 2004 100,000 (56,600) 43,400 2004 930,110 644,190 285,920 190,330 19,430 29,100 76,430 315,290 55,230 (84,600) (84,600) 2005 18,610 201,670 302,080 9,870 532,230 32.350 60,702 93,052 10,300 82,752 31,000 113,752 645,982 2005 290,740 16,870 307,610 138,132 176,510 314,642 2005 100,100 (76,370) 23,730 645,982 2005 1,600,000 1,171,760 428,240 253,910 22,200 27,560 104,720 10,300 418,690 29,220 (19,670) (19,670) 2006 1,520 338,690 274,630 9,990 624,830 60,880 47,850 122,940 3,990 235,660 34,660 201,000 30,000 231,000 855,830 1006 502,500 15,760 518,260 255,840 255,840 2006 100,100 (18,370) 81,730 855,830 2006 2,066,820 1,476,840 589,980 306,170 11,100 23,860 132,850 24,360 498,340 33,450 58,190 58,190 Using the tables in Question 1, construct the CF statement between 2005-2006. What is the cash flow from inventor!? BALANCE SHEET Assets Cash Accounts receivable, net Inventory Prepaid expenses Fixed Assets Land Automobiles Building Equipment Subtotal Less: Accumulated depreciation Net Fixed Assets Other Assets Total long-term assets TOTAL ASSETS Lisbilities Accounts payable Accrued liabilities Total current liabilities Bank Loan Mortgage loan Total long-term liabilities Equity Common Stock Retained Earnings INCOME STATEMENT Net Sales COGS Gross Profit Operating Expenses Wages and Commissions Rent General selling expenses General admin expenses 2864 16,060 128,500 308,980 9,590 533,130 Depreciation Total Operating expenses Interest expenses Net Inc before tax Income Tax Net Inc (loss) 34,350 20,000 54,350 Total Equity TOTAL LIABILITIES and EQUITY 617,480 54,350 30,000 84,350 617,480 2004 184,640 15,790 200,430 177,140 196,510 373,650 2004 100,000 (56,600) 43,400 2004 930,110 644,190 285,920 190,330 19,430 29,100 76,430 315,290 55,230 (84,600) (84,600) 2005 18,610 201,670 302,080 9,870 532,230 32.350 60,702 93,052 10,300 82,752 31,000 113,752 645,982 2005 290,740 16,870 307,610 138,132 176,510 314,642 2005 100,100 (76,370) 23,730 645,982 2005 1,600,000 1,171,760 428,240 253,910 22,200 27,560 104,720 10,300 418,690 29,220 (19,670) (19,670) 2006 1,520 338,690 274,630 9,990 624,830 60,880 47,850 122,940 3,990 235,660 34,660 201,000 30,000 231,000 855,830 1006 502,500 15,760 518,260 255,840 255,840 2006 100,100 (18,370) 81,730 855,830 2006 2,066,820 1,476,840 589,980 306,170 11,100 23,860 132,850 24,360 498,340 33,450 58,190 58,190
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